HEAL vs. BITI

Last updated Aug 4, 2026

HEAL (Global X HealthTech ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - HEAL is a Health & Biotech Equities fund tracking the Global X HealthTech Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, HEAL returned -6.93%/yr vs -32.35%/yr for BITI. Their -0.34 correlation means they have often moved in opposite directions in the past. HEAL charges 0.50%/yr vs 1.03%/yr for BITI.

Performance

HEAL vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X HealthTech ETF (HEAL) and ProShares Short Bitcoin ETF (BITI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HEAL achieves a -5.19% return, which is significantly lower than BITI's 25.22% return.

HEAL

• 1D: 2.94%
• 1M: -4.37%
• 6M: -2.05%
• YTD: -5.19%
• 1Y: -10.31%
• 3Y*: -6.93%
• 5Y*: -12.95%
• 10Y*: —
• ALL TIME*: -9.16%

BITI

• 1D: -1.48%
• 1M: -4.03%
• 6M: 13.09%
• YTD: 25.22%
• 1Y: 56.28%
• 3Y*: -32.35%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -35.83%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BITI ProShares Short Bitcoin ETF	$24.18M	$25.87M	$38.72M
HEAL Global X HealthTech ETF	$260.96K	$227.88K	$213.27K

HEAL vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HEAL Global X HealthTech ETF	-5.19%	-0.62%	-2.87%	-12.61%	5.08%
BITI ProShares Short Bitcoin ETF	25.22%	-1.76%	-62.60%	-66.17%	3.39%

Correlation

The correlation between HEAL and BITI is -0.30, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.30
Correlation (3Y) Balances recent behavior with more history.	-0.32
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022	-0.34

Return for Risk

HEAL vs. BITI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HEAL

HEAL Risk / Return Rank: 6
HEAL Sharpe Ratio Rank: 5
HEAL Sortino Ratio Rank: 5
HEAL Omega Ratio Rank: 6
HEAL Calmar Ratio Rank: 6
HEAL Martin Ratio Rank: 7

BITI

BITI Risk / Return Rank: 51
BITI Sharpe Ratio Rank: 51
BITI Sortino Ratio Rank: 51
BITI Omega Ratio Rank: 47
BITI Calmar Ratio Rank: 62
BITI Martin Ratio Rank: 47

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HEAL vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X HealthTech ETF (HEAL) and ProShares Short Bitcoin ETF (BITI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	HEAL	BITI	Difference
Sharpe ratio: Return per unit of total volatility	-0.45	1.28	-1.73
Sortino ratio: Return per unit of downside risk	-0.51	1.86	-2.37
Omega ratio: Gain probability vs. loss probability	0.94	1.22	-0.28
Calmar ratio: Return relative to maximum drawdown	-0.34	2.24	-2.57
Martin ratio: Return relative to average drawdown	-0.61	5.45	-6.06

HEAL vs. BITI - Sharpe Ratio Comparison

The current HEAL Sharpe Ratio is -0.45, which is lower than the BITI Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of HEAL and BITI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HEAL vs. BITI - Drawdown Comparison

The maximum HEAL drawdown since its inception was -65.76%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for HEAL and BITI.

Drawdown Indicators

	HEAL	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-65.76%	-92.16%	+26.40%
Max Drawdown (1Y) Largest decline over 1 year	-30.71%	-25.28%	-5.43%
Max Drawdown (3Y) Largest decline over 3 years	-34.56%	-84.63%	+50.07%
Max Drawdown (5Y) Largest decline over 5 years	-59.14%	—	—
Current Drawdown Current decline from peak	-59.07%	-86.33%	+27.26%
Average Drawdown Average peak-to-trough decline	-43.49%	-68.61%	+25.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.90%	10.37%	+6.53%

Volatility

HEAL vs. BITI - Volatility Comparison

The current volatility for Global X HealthTech ETF (HEAL) is 6.91%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 8.93%. This indicates that HEAL experiences smaller price fluctuations and is considered to be less risky than BITI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HEAL	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.91%	8.93%	-2.02%
Volatility (6M) Calculated over the trailing 6-month period	17.44%	33.35%	-15.91%
Volatility (1Y) Calculated over the trailing 1-year period	22.91%	44.25%	-21.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.67%	52.01%	-25.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.27%	52.01%	-25.74%

HEAL vs. BITI - Expense Ratio Comparison

HEAL has a 0.50% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

HEAL vs. BITI - Dividend Comparison

HEAL's dividend yield for the trailing twelve months is around 0.26%, less than BITI's 21.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BITI ProShares Short Bitcoin ETF	21.80%	1.60%	3.91%	3.33%	0.06%	0.00%	0.00%
HEAL Global X HealthTech ETF	0.26%	0.33%	0.00%	0.00%	0.00%	0.00%	0.03%

Frequently Asked Questions

Can I hold both HEAL and BITI in my portfolio?

HEAL and BITI have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HEAL or BITI?

BITI has higher volatility (8.93%) compared to HEAL (6.91%). In terms of maximum drawdown, HEAL dropped -65.76% vs BITI's -92.16%.

Which ETF is better, HEAL or BITI?

On 3-year performance, HEAL leads with -6.93% vs -32.35% for BITI. On fees, HEAL is cheaper at 0.50% per year. On volatility, HEAL has been the lower-risk option at 6.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HEAL or BITI?

Over the 3-year period, HEAL has performed better with a -6.93% return vs -32.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HEAL or BITI?

HEAL is cheaper with a 0.50% expense ratio, compared with 1.03% for BITI.

Which ETF pays a higher dividend yield, HEAL or BITI?

BITI has the higher dividend yield at 21.80%, compared with 0.26% for HEAL.

What is the main difference between HEAL and BITI?

HEAL is categorized as Health & Biotech Equities, while BITI is Cryptocurrency. HEAL tracks Global X HealthTech Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: Global X and ProShares. Their fees differ too: 0.50% for HEAL and 1.03% for BITI.

Which has better risk-adjusted returns?

BITI currently has the higher Sharpe Ratio (1.28 vs -0.45), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.